Blog & NewsFinding My Dream Home – Show Me The Money
I want to share some great personal news with everyone. My husband, Levi, and I are going to buy a house!
We’ve bought and sold houses a couple times in the past but it’s been about 5 years since we sold our last home and have been renting ever since. This feels brand new all over again. I had no recollection of how complicated buying a home can be.
I invite you to join me as I share our experiences - from a consumer standpoint. This should be a fun and exciting ride (and maybe just a bit stressful)!
So far, we’ve kicked off our adventure in home-buying by getting pre-approval for a mortgage with a lender. I’ll be honest, dealing with money isn’t something I enjoy. Crunching numbers is not my cup of tea and I’d much rather just ignore them completely. However, the pre-approval process was relatively painless, with us just providing some of our basic information. The lender did their thing and the following day we were thrilled to receive a phone call notifying us that we had been pre-approved for purchasing a home.
The phone call was followed by a detailed email from our mortgage specialist outlining all the terms and conditions of our mortgage, explaining exactly what we needed to do to satisfy the requirements of said mortgage, and a bunch of jargon I didn’t fully understand.
This is where having a good mortgage specialist or broker is valuable. This morning I sent an email to our specialist with a list of questions a mile long. It’s very possible that the documents he sent me already explained or answered my questions but I didn’t understand it. He responded within a few hours with very detailed, clear, and concise answers and links to further information. Now I understand the important details and can proceed with the home buying process with confidence.
So we have been pre-approved to buy a house. We have money – well, financing anyways. Now what?
Stay tuned…
Real Estate Sales | Megan | January 30, 2009
consumers, financing, home buying, lenders, Megan's Home Search, mortgage, pre-approval, Real Estate
Bryan
Carey
Chris de Jong
Education Team
Guest Bloggers
Megan
Tanis
More Containers, Even More Uses
Who Invited Them!?
On Facing Change
Good for you, Megan! I’m certain numerous people will be thrilled to follow this journey with you, too. Could I suggest that as part of your blog process that you might include photos and detailed neighbourhood accounts?
That’s a great idea – and something I’ll be sure to include in my upcoming posts. Thanks for the suggestion!